Sparebank 1 Ostfold Akershus (SOAG) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Sparebank 1 Ostfold Akershus NOK 641, price NOK 450, upside +42.3%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Sparebank 1 Ostfold Akershus for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 217.50 – kr 475.00 · fair‑value band kr 480.37 – kr 800.62 · the kr 450.00 price screens below the kr 640.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Follow Sparebank 1 Ostfold Akershus in your weekly email
Every Wednesday you see whether Sparebank 1 Ostfold Akershus is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
SpareBank 1 Østfold Akershus operates as a savings bank that provides various banking products and services in Norway. It offers savings in funds; savings accounts; savings for children and retirement; and stocks and investment products.
Show more
SpareBank 1 Østfold Akershus operates as a savings bank that provides various banking products and services in Norway. It offers savings in funds; savings accounts; savings for children and retirement; and stocks and investment products. The company also provides mortgage, car, moving, consumer, vehicle, green, and transferring loans, as well as refinancing of mortgage and consumer debt; financing services, including overdrafts, leasing, business loans, bank guarantees, construction loans, growth guarantee schemes, operating credit for agriculture, factoring, and invoice sales. In addition, it offers pension products; car, home, personal, pet, vehicle, travel, machinery, building, employee and personal, and farm and agricultural insurances; and property services. Further, the company provides mobile and online banking; bank card and credit card; and pay and transfer services. SpareBank 1 Østfold Akershus was founded in 1835 and is based in Moss, Norway.
Stock analysis
Sparebank 1 Ostfold Akershus (SOAG) currently trades at kr 450.00, while our model-based Fair Value estimate is kr 640.50, implying the stock looks roughly 29.7% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of kr 595.14 per share, and 2 of the 4 models we run sit above the kr 450.00 price.
Bear case: the Asset-Based group reads lowest at kr 284.82, and 2 of the 4 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 480.37 (bear) to kr 800.62 (bull), the price of kr 450.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sparebank 1 Ostfold Akershus reported revenue of 1.2B NOK in FY2025 versus 813M NOK in FY2021, a compound +11.0%/yr. Reported net income was 657M NOK in FY2025, compounding +10.4%/yr from FY2021.
Key figures
Market cap 5.6B NOK (≈ $587M) · P/E ratio 8.9 · P/S ratio 4.76 · EPS (TTM) kr 50.35 · Dividend yield 5.4% · Net margin 53.2% · Return on equity 13.4% · Return on assets (EBIT) 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 13% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −38% fair-value upside, at 42%, SOAG screens cheaper than that median.
Fair Value models
Bear kr 480.37Fair Value kr 640.50Bull kr 800.62
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 18.91 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.4%
Start year 2020 (pandemic). Over 10 years: +8.0% a year
Revenue growth 25 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+15.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)5.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10% vs 10%, steady
Profit margin 2014 to 2019 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.116% → 68%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+4.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +1.5% a year for the price.
Compare Sparebank 1 Ostfold Akershus with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1074 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+42% · Top 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets2% · Top 25%
Net margin (TTM)48% · Top 25%
Operating margin (TTM)49% · Above median
Growth and dividend
Revenue growth7% · Below median
Dividend yield (TTM)5.4% · Top 25%
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Sparebank 1 Ostfold Akershus (SOAG) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 640.50 versus a price of kr 450.00, about +42% upside (undervalued).
What is the fair value of SOAG?
Our model-based fair value for Sparebank 1 Ostfold Akershus is kr 640.50 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 450.00.
What is the quality score of SOAG?
Sparebank 1 Ostfold Akershus has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sparebank 1 Ostfold Akershus (SOAG)?
Our model-based price target is the fair value of kr 640.50 (as of Sep 24, 2026) from 4 valuation models. Cautious scenario kr 480.37, optimistic scenario kr 800.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Sparebank 1 Ostfold Akershus stock forecast for 2026?
Our models put fair value at kr 640.50, about +42% upside versus a price of kr 450.00 (undervalued). Cautious scenario kr 480.37, optimistic scenario kr 800.62. The calculation is refreshed regularly with new filings.
What is the revenue of Sparebank 1 Ostfold Akershus (SOAG)?
Sparebank 1 Ostfold Akershus reported trailing-twelve-month revenue of about 1.4B NOK (latest available figure, as of Sep 24, 2026).
Does Sparebank 1 Ostfold Akershus pay a dividend?
Sparebank 1 Ostfold Akershus currently shows a dividend yield of about 5.44% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Sparebank 1 Ostfold Akershus (SOAG)?
For today's price to be fair in a discounted-cash-flow model, Sparebank 1 Ostfold Akershus would have to grow free cash flow by +4.0 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of SOAG use?
Our models discount Sparebank 1 Ostfold Akershus at 9.6 %: a base by market capitalisation (small), damped by beta 0.08, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sparebank 1 Ostfold Akershus that is +4.0 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Sparebank 1 Ostfold Akershus (SOAG) delivered so far?
Over the past 5 years revenue at Sparebank 1 Ostfold Akershus grew +10.4 % a year. The price currently implies +4.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sparebank 1 Ostfold Akershus (SOAG) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Sparebank 1 Ostfold Akershus (+4.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sparebank 1 Ostfold Akershus (SOAG)?
The free-cash-flow yield on the price is 12.84 %: that much free cash flow Sparebank 1 Ostfold Akershus produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sparebank 1 Ostfold Akershus (SOAG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sparebank 1 Ostfold Akershus it is kr 640.50 per share (as of Sep 24, 2026), against a price of kr 450.00. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Sparebank 1 Ostfold Akershus stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SOAG trades below its calculated fair value: price kr 450.00, fair value kr 640.50, a gap of about +42% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SOAG?
No. The price is what the market pays today (kr 450.00); the fair value is what the company's own numbers justify (kr 640.50). For Sparebank 1 Ostfold Akershus the two are kr 190.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sparebank 1 Ostfold Akershus worth?
The market values Sparebank 1 Ostfold Akershus at about 5.6B NOK (market capitalisation, as of Sep 24, 2026). Per share that is kr 450.00; our models calculate a fair value of kr 640.50 per share.
What do the bullish and bearish scenarios say about SOAG?
Our models span a range for Sparebank 1 Ostfold Akershus: cautious scenario kr 480.37, base kr 640.50, optimistic kr 800.62 per share (as of Sep 24, 2026, price kr 450.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOAG?
Sparebank 1 Ostfold Akershus trades at a price-to-earnings ratio of 8.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 640.50 is built from several models across several years. Other multiples: P/B 1.1, P/S 4.0, EV/EBITDA 14.5.
How solid is the balance sheet of Sparebank 1 Ostfold Akershus (SOAG)?
Balance-sheet figures for Sparebank 1 Ostfold Akershus (as of Sep 24, 2026): return on equity 13.4%, debt of 0.90 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is SOAG from its 52-week high?
Sparebank 1 Ostfold Akershus trades at kr 450.00, about 5% below its 52-week high of kr 475.00 and 13% above the low of kr 398.09 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 640.50 is for.
Which stocks are comparable to Sparebank 1 Ostfold Akershus?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sparebank 1 Ostfold Akershus stock attractive at the current price?
The data as of Sep 24, 2026: price kr 450.00, calculated fair value kr 640.50 (+42%), Quality Score 60/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SOAG calculated?
We run Sparebank 1 Ostfold Akershus through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 640.50, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Sparebank 1 Ostfold Akershus currently trades 42 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sparebank 1 Ostfold Akershus (SOAG)?
The closing price on Sep 23, 2026 was kr 450.00. Our model-based fair value is kr 640.50, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sparebank 1 Ostfold Akershus right now?
The price is below even our cautious bear case (kr 480.37). The market is more pessimistic than our downside scenario. Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Sparebank 1 Ostfold Akershus (SOAG) come from?
Earnings per share at Sparebank 1 Ostfold Akershus grew +5.4 % a year from 2008 to 2019. Broken into its drivers: revenue per share −5.4 %, EBIT margin −9.9 %, tax rate +0.4 %, residual (interest, one-offs) +23.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sparebank 1 Ostfold Akershus
How large is the market capitalisation of Sparebank 1 Ostfold Akershus (SOAG)?
The market capitalisation of Sparebank 1 Ostfold Akershus is 5.6B NOK (≈ $587M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sparebank 1 Ostfold Akershus (SOAG)?
The price-to-sales ratio of Sparebank 1 Ostfold Akershus is 4.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sparebank 1 Ostfold Akershus (SOAG)?
Earnings per share at Sparebank 1 Ostfold Akershus are kr 50.35 (price ÷ EPS = P/E 8.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sparebank 1 Ostfold Akershus (SOAG)?
The dividend yield of Sparebank 1 Ostfold Akershus is 5.4% (payout 48.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sparebank 1 Ostfold Akershus (SOAG)?
The net margin of Sparebank 1 Ostfold Akershus is 53.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sparebank 1 Ostfold Akershus (SOAG)?
The return on equity (ROE) of Sparebank 1 Ostfold Akershus is 13.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sparebank 1 Ostfold Akershus (SOAG)?
On an EBIT basis the return on assets of Sparebank 1 Ostfold Akershus is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sparebank 1 Ostfold Akershus (SOAG)?
The operating margin of Sparebank 1 Ostfold Akershus is 49.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sparebank 1 Ostfold Akershus (SOAG)?
Revenue at Sparebank 1 Ostfold Akershus is growing +6.9% versus a year earlier (3y avg +9.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sparebank 1 Ostfold Akershus (SOAG)?
Earnings per share at Sparebank 1 Ostfold Akershus are growing +11.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sparebank 1 Ostfold Akershus (SOAG) carry?
The net debt of Sparebank 1 Ostfold Akershus is 4.7B NOK (fiscal year 2025, ≈ 6.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Sparebank 1 Ostfold Akershus in the live analysis
One click puts Sparebank 1 Ostfold Akershus on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
